Standard & Poor’s (S&P) states that its outlook on some firms in the property & casualty commercial insurance industry will likely be revised downward due to the “soft” pricing cycle over the last few years. Some commercial lines insurers will be revised to negative in the second half of 2008.
S&P says that if price [rate] declines continue at their current pace, resulting negative outlooks on individual commercial lines insurers in the second half of 2008 could in turn lead to a negative outlook for the commercial lines sector toward the end of the year.
Sources:
www.insurancejournal.com
www.ratingsdirect.com
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Filed under: Surety Industry Tagged: | Surety Industry
